Amended return

Forum|Forum|5 years ago
May 13, 2021
1 reply
3 views

We filed our taxes for 2020 in February and had to pay into federal taxes. Since then the healthcare credit was changed and I am unable to get to a screen to file an amended return.

When I opened the software, it updated and showed we are due a refund of $186.00 from federal. Then I went to the amended form and corrected the healthcare credit and it shows there is no refund due. Since we paid in over $800.00, our total refund should be over $900.00.

Please advise how to file an amended return.

Best answer by HelenC12

You don't have to file amended tax return. Per IRS:

Taxpayers who have already filed their 2020 tax return and who have excess APTC for 2020 do not need to file an amended tax return or contact the IRS.
The IRS will reduce the excess APTC repayment amount to zero with no further action needed by the taxpayer.
The IRS will reimburse people who have already repaid any excess advance Premium Tax Credit on their 2020 tax return.
Taxpayers who received a letter about a missing Form 8962 should disregard the letter if they have excess APTC for 2020.
The IRS will process tax returns without Form 8962 for tax year 2020 by reducing the excess advance premium tax credit repayment amount to zero.

HelenC12Answer

Level 15

You don't have to file amended tax return. Per IRS:

Taxpayers who have already filed their 2020 tax return and who have excess APTC for 2020 do not need to file an amended tax return or contact the IRS.
The IRS will reduce the excess APTC repayment amount to zero with no further action needed by the taxpayer.
The IRS will reimburse people who have already repaid any excess advance Premium Tax Credit on their 2020 tax return.
Taxpayers who received a letter about a missing Form 8962 should disregard the letter if they have excess APTC for 2020.
The IRS will process tax returns without Form 8962 for tax year 2020 by reducing the excess advance premium tax credit repayment amount to zero.

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